Mortgage Loan Processor (Home Equity)

Job description

Overview Working at Arkansas Federal Credit Union GENERAL DESCRIPTION OF POSITION: The primary function of the Loan Processor is to ensure the timely and accurate processing of all loans originated by our loan officers. Responsibilities include: Ensuring that all loan documentation is complete, accurate, verified, and compliant with company and investor policy. Verifying loan documents including income, credit, appraisal, and title insurance for submittal to underwriting. Working with members, originators, and other applicable outside parties to request and coordinate any missing loan documents or information. ESSENTIAL DUTIES AND RESPONSIBILITIES: - Perform initial review of application to insure accuracy and setup of files in the mortgage loan operating system. - Review the submitted loan to ensure that it is the best loan program for the member and their situation. If an issue is discovered, discuss the situation with the Mortgage Loan Originator to find a solution or to re-structure the loan. - Order necessary verifications of employment, deposit, mortgage, and rental; order credit report and supplements; order title work, flood certificates, tax transcripts, homeowner's insura...